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For sale
    • Price cut: $50K (6/30)
    $499,000

    601 W Ocean Dr APT 410, Key Colony Beach, FL 33051

    2beds
    1,343sqft
    : 
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    Condominium, Residential - Condo/Townhouse, Townhouse
    Built in 1975
    -- sqft lot
    $486,400 Zestimate®
    $372/sqft
    $2,008/mo HOA

    What's special

    Spacious townhouse style condominiumTwo bedroomsBeachfront communityNewly refreshed poolOpen layoutWhite sandy shoreline
    Escape to paradise in this spacious townhouse style condominium with stunning beach and ocean views, perfectly positioned at The Cay Condos in the heart of Key Colony Beach. Let the sights and sounds of the Atlantic set the tone for relaxed island living as gentle sea breezes and endless blue horizons become part of your everyday backdrop. Offering over 1,300 square feet of thoughtfully designed living space with two bedrooms, two and one half bathrooms, this residence provides ample room to entertain, unwind, and create unforgettable memories with family and friends. The open layout is ideal for gathering after a day on the water or enjoying quiet mornings with coffee overlooking the beach. The Cay is a well established, beachfront community featuring white sandy shoreline, newly refreshed pool completed last year, and on-site management. With a highly desirable 14 day minimum rental policy, this property presents excellent income potential and remains consistently rented throughout the season. The association is meticulously managed and well funded, plus has completed both the Milestone Inspection and SIRS Reserve Study, offering added confidence for long term ownership. Whether you are seeking a serene retirement retreat, a lock and leave vacation getaway, or a proven investment property, this beachside residence delivers the best of coastal living. Enjoy an unbeatable location close to dining, marinas, walking and biking paths, and all the amenities that make Key Colony Beach the true gem of the Florida Keys.
    160 days
    |
    441
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Karen D Raspe 305-393-9010,

    Ocean Sotheby's International,

    Ally Kelley 727-459-0493,

    Ocean Sotheby's International

    Source: FLKMLS,MLS#: 618507MLS LogoOriginating MLS: Marathon/Lower Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
      Features
      • Flooring: Tile, Carpet
      • Doors: Sliding Glass Doors
      • Windows: Window Treatments, Single Hung Windows, Accordion
      Interior area
      • Total interior livable area: 1,343 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Assigned, Guest
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open Porch/Balcony
      • Exterior features: Sandy Beach, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Decked, Concrete
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Oceanfront, Waterfront, Sandy Beach, Dockage: None
      Lot
      • Features: Less Than 1/4 Acre
      Details
      • Additional structures: Chickee Hut
      • Parcel number: 00078330004600
      • Zoning: R-3
      • Zoning description: Multi Unit Res
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Townhouse
      • Property subtype: Condominium, Residential - Condo/Townhouse, Townhouse
      Materials
      • CBS
      • Roof: Other
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Sewer: Community Swr Plant, Public Sewer
      • Utilities for property: FKAA, Cable Available, Buyer to Verify, Cable Connected

      Community & HOA

      Community
      • Features: Tennis Court(s), Bike Paths, Airport/Runway, Beach, Manager on Premises
      • Security: Smoke Detector(s), Patrolled Area
      • Subdivision: Cay Condo (53.5)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control, Sewer
      • HOA fee: $6,025 quarterly
      Location
      • Region: Key Colony Beach

      Financial & listing details

      • Price per square foot: $372/sqft
      • Tax assessed value: $476,027
      • Annual tax amount: $4,683
      • Date on market: 2/6/2026

        Estimated market value

        $486,400

        $462,000 - $511,000

        $5,660/mo

        Price history

        DateEventPrice
        6/30/2026Price change$499,000-9.1%$372/sqft
        Source: Key West AOR #618507 Report a problem
        2/6/2026Listed for sale$549,000-15.4%$409/sqft
        Source: FLKMLS #618507 Report a problem
        7/11/2025Listing removed$649,000$483/sqft
        Source: MLKAR #614491 Report a problem
        4/5/2025Listed for sale$649,000-4.4%$483/sqft
        Source: Key West AOR #614491 Report a problem
        8/16/2024Listing removed$679,000$506/sqft
        Source: Key West AOR #608378 Report a problem
        1/27/2024Listed for sale$679,000+294.8%$506/sqft
        Source: FLKMLS #608378 Report a problem
        12/13/1999Sold$172,000$128/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,878 -0.8%$450,568 +10%
        2024$4,916 +6.9%$409,607 +10%
        2023$4,600 +23%$372,370 +10%
        2022$3,741 +4.4%$338,518 +9%
        2021$3,583 +11.9%$310,702 +9.8%
        2020$3,202 $283,012 +3.8%
        2019$3,202 +4.1%$272,744 +11.6%
        2018$3,076 +12.8%$244,337 -12.5%
        2017$2,727 -8.5%$279,213
        2016$2,980 -3.6%$279,213 +4.3%
        2015$3,092 $267,725
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33051

        Getting around

        13 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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